Mumbai:
The share market tumbled in early trade on Monday as investors turned cautious ahead of the US presidential elections and Federal Reserve interest rate decision.
While Sensex crashed over 1,000 points, Nifty was below the 24,000-mark at 10:50 am. The markets have been in the red for most part of the last month as foreign investment outflow dampened the equity market sentiments.
Reliance Industries, Sun Pharma, Infosys, Tata Motors, and Infosys were among the major laggards in the Sensex pack, while Mahindra & Mahindra, Tech Mahindra, and HCL Technologies were the gainers.
The markets have been in the red for most part of October as massive foreign outflows dampened the festive spirit for investors. Foreign investors offloaded equities worth over 90,000 crore last month – worst ever in terms of outflow. Exchange data showed Foreign Institutional Investors (FIIs) pulled out ₹ 211.93 crore-worth equities last Friday.
The article originally appeared on NDTV.